TransAlta (TransAlta) Forward PE Ratio : 18.39 (As of Apr. 25, 2024)

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What is TransAlta Forward PE Ratio?

TransAlta's Forward PE Ratio for today is 18.39.

TransAlta's PE Ratio without NRI for today is 4.34.

TransAlta's PE Ratio for today is 4.00.

TransAlta Forward PE Ratio Historical Data

The historical data trend for TransAlta's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TransAlta Forward PE Ratio Chart

TransAlta Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-02

2021-12

2022-12

2023-12

2024-04

Forward PE Ratio

29.94

49.51

93.46

112.36

108.70

41.84

14.95

21.14

18.90

TransAlta Quarterly Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-09	2018-12	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	29.94	39.68	49.75	32.47	49.51	70.92	277.78	131.58	93.46	82.64	66.67	112.36	57.47	41.84	34.97	23.58	38.76	14.95	17.73	9.03	20.62	21.14	18.59

Competitive Comparison of TransAlta's Forward PE Ratio

For the Utilities - Independent Power Producers subindustry, TransAlta's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TransAlta's Forward PE Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, TransAlta's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where TransAlta's Forward PE Ratio falls into.

TransAlta Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

TransAlta (NYSE:TAC) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

TransAlta Forward PE Ratio Related Terms

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TransAlta (TransAlta) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » TransAlta Corp (NYSE:TAC) » Definitions » Forward PE Ratio

Traded in Other Exchanges

TZ1:Germany TA.PR.J.PFD:Canada TA.PR.H.PFD:Canada TA.PR.F.PFD:Canada TA.PR.E.PFD:Canada TA.PR.D.PFD:Canada TA:Canada

Address

110 - 12th Avenue SW, Station M, Calgary, AB, CAN, T2P 2M1

Website

https://ww.transalta.com

TransAlta is an independent power producer based in Alberta, Canada. The company operates a diverse and growing fleet of electrical power generation assets in Canada, the United States, and Australia consisting of hydro, wind, solar, battery storage, gas and energy transition facilities. The majority of the company's revenues are derived from the sale of generation capacity, electricity, thermal energy, environmental attributes, and byproducts of power generation.